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French 2025 Budget Faces Major Amendments

The French National Assembly debates the 2025 budget, with significant amendments adding new taxes while removing others. The budget's fate remains uncertain.

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French

France

EconomyFranceGovernmentFrench PoliticsBudgetTaxes

Nouveau Front Populaire (Nfp)LfiRassemblement NationalModemEpr

Michel BarnierEric CoquerelCharles De CoursonMarc FesneauLaurent WauquiezJulien Odoul

What is the main topic of the news article?: The French National Assembly is debating the 2025 budget, with significant amendments proposed. The left-wing alliance added taxes on superprofits, dividends, and digital giants, while the government coalition removed some tax hikes.
What key articles were removed from the budget proposal?: Several articles were removed from the original draft, including provisions related to the French contribution to the European Union and the time limit on a differential contribution on high incomes.
What is the likely outcome of the vote in the National Assembly?: The government coalition is likely to reject the amended budget to send it to the Senate for further review, meaning the left's version faces an uphill battle for approval.
What was the initial projected savings in the French 2025 budget?: The budget initially proposed 60 billion euros in savings compared to 2024. However, after numerous amendments, the projected revenue from the revised budget is estimated at 12 billion euros, after accounting for potentially unconstitutional or euro-incompatible measures.
What are some of the key tax changes added by the left-wing alliance?: Amendments were made to broaden the scope and increase the rate of the financial transactions tax, as well as extending the Gafam tax to include the turnover tax paid by electronic communications operators.

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